EDEN INNOVATIONS LTD — Capital/Financing Update 2021

Oct 5, 2021

ACN 109 200 900

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AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT 6 OCTOBER 2021

PRO-RATA NON-RENOUNCEABLE RIGHTS ISSUE RESULTS

The non-renounceable pro-rata rights offer (Offer) made to shareholders of Eden Innovations Ltd (Eden) who were on the register as at 5:00pm WST on 7 September 2021 pursuant to a prospectus dated 1 September 2021 (Offer Document) closed on 1 October 2021.

The final results of the Offer are as follows:

	No. of New	No. of New	Gross
	Shares	Options*	Proceeds($)
Entitlements accepted under the Offer	84,622,032	42,311,226	$1,861,685
Additional securities applied for under the Offer	20,670,519	10,335,260	$454,751
Total	105,292,551	52,646,486	$2,316,436

• The number of New Options is subject to rounding.

The above figures are subject to none of the proceeds received by cheque being dishonoured between the time of this announcement and the allotment and issue of New Shares.

Some shortfall applications were rejected in accordance with Section 2.12.1 of Prospectus and any excess application monies will be returned to investors.

Accordingly upon completion of issuing of the New Shares and New Options under the rights issue the amount raised will be $2,316,436 (before the payment of the expenses of the issue).

Eden reserved the right in the Offer Document to place any or all of the remaining 68,510,727 shortfall shares (and free attaching New Options) within three months after the closing date of the Offer at a price which is not less than the price at which the Shares were offered under the Offer.

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Aaron Gates Company Secretary

Eden Innovations Ltd | Telephone +61 8 9282 5889 Level 15, 197 St George’s Terrace, Perth, Western Australia 6000, Australia | edeninnovations.com